KB Home (NYSE:KBH) issued its quarterly earnings data on Wednesday. The construction company reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.77 by $0.07, Briefing.com reports. KB Home had a net margin of 3.22% and a return on equity of 7.57%. The firm had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the previous year, the business posted $0.40 EPS. The firm’s revenue was up 17.7% compared to the same quarter last year.
Shares of KB Home (NYSE KBH) opened at $34.35 on Thursday. The firm has a market cap of $2,970.00, a PE ratio of 24.71, a P/E/G ratio of 0.77 and a beta of 1.69. KB Home has a 12 month low of $15.51 and a 12 month high of $34.58.
KBH has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $27.00 price objective (up previously from $25.50) on shares of KB Home in a report on Tuesday, December 19th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $33.00 price objective on shares of KB Home in a report on Friday, December 22nd. KeyCorp reiterated a “hold” rating on shares of KB Home in a report on Tuesday, September 26th. Wedbush reiterated a “buy” rating and issued a $26.00 price objective on shares of KB Home in a report on Friday, September 22nd. Finally, Zacks Investment Research upgraded shares of KB Home from a “hold” rating to a “buy” rating and set a $28.00 price objective on the stock in a report on Wednesday, October 4th. Seven analysts have rated the stock with a sell rating, eleven have assigned a hold rating, one has assigned a buy rating and two have issued a strong buy rating to the company. KB Home currently has a consensus rating of “Hold” and an average price target of $24.47.
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KB HOME is a homebuilding company. The Company is engaged in selling and building a range of new homes designed primarily for first-time, move-up and active adult homebuyers, including attached and detached single-family residential homes. It operates through five segments, which consist of four homebuilding segments and one financial services segment.
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